Huawei Says It’s Quitting The US Market

Posted on Apr 24 2013 - 11:30am by Editorial Staff

Huawei

After years of government scrutiny over security concerns, Huawei is pulling out of the United States, reports the Financial Times. According to a report in the Times’, company’s executive vice president Eric Xu said during the company’s annual analyst summit that Huawei today is standing at such a position in which it seems “not interested in the US market anymore.” He added further that the company now putting efforts to gradually shifting its focus away from the US market.

Although the decision is not surprising in nature, but still represents a major setback for company, which being continuously suffered over as cause of security concerns in the country. The company has seemed revise its long-term outlook for its enterprise business and says the goal of generating $15 billion in revenue by 2017 from the business is “too optimistic.”

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